Question
The government responded to the economic impact of the pandemic with two rounds of the Prihatin Rakyat Economic Stimulus Package in February and March 2020,
"The government responded to the economic impact of the pandemic with two rounds of the Prihatin Rakyat Economic Stimulus Package in February and March 2020, and more recently the Penjana Short-term Economic Recovery Plan. "The Government's stimulus packages, and the short-term economic recovery plan have softened the impact of the Covid-19 pandemic and paved a path towards economic recovery. The government will implement several initiatives and additional assistance under the RM10 billion Prihatin Rakyat Economic Stimulus Package in line with its efforts to boost economic recovery"
a)Based on the above statement, find new equilibrium of national income.
This question has done, I found the answer is Y=RM9040billion
b) If the full employment is RM5800 billion, does Malaysia facing the economic problem. Discuss your answer using a graph and suggest policy that government should implement.
I need help for question (b), thank you
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